Orca Gold Inc. (TSX-V: ORG) is a Canadian public company engaged in the exploration and development of mineral properties in East and West Africa. Orca is currently advancing its principal gold project, Block 14, in northern Sudan towards a production decision. The Company also holds a suite of highly prospective gold exploration properties in Côte d’Ivoire. One of these, Morondo hosts a maiden inferred resource totalling +1.2M oz of gold.
A Preliminary Economic Assessment (PEA) was completed on the Block 14 project in July 2016 which has been updated in May 2017. On the strength of the latest study in addition to the discovery of a significant water aquifer that will support a larger operation, the Company is proceeding directly to a Feasibility Study (FS), which is scheduled for completion in May 2018.
In February 2017, Orca announced a deal with Kinross Gold Corporation whereby Orca will acquire all of Kinross' property rights and interests in the West African country of Côte d'Ivoire. Upon closing of this transaction Kinross will own an 8.6 % interest in Orca. Orca has commenced exploration on this very prospective property package.